Income inequality has generated a tremendous amount of heated debate in recent times. Occupy Wall Street is probably the most publicized of public outcries on the matter. There’s certainly no arguing the income gap has grown, but many forget an important fact: due to technology and health care improvements, the actual standard of living has risen for almost all segments of the economy. Flat screen televisions, computers, cell phones – once considered high-ticket items – have now infiltrated all economic classes. While the ultra-wealthy may be even wealthier, so are the rest of us.
Read more at The Wall Street Journal.
The content contained in this blog post is intended for general informational purposes only and is not meant to constitute legal, tax, accounting or investment advice. You should consult a qualified legal or tax professional regarding your specific situation. Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.
Any reference to the advisory services refers to Personal Capital Advisors Corporation, a subsidiary of Personal Capital. Personal Capital Advisors Corporation is an investment adviser registered with the Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training nor does it imply endorsement by the SEC.